Tribhuvan University, 2077, LL.B/III Year/LAW
Full Marks: 50, Time: 1½ hrs.
Company & Corporation Law (524)
Candidates are required to give their answers in their own words as far as practicable.
All the questions are of equal value.
Attempt any THREE questions.
1. What do you mean by separate legal entity of the company? Discuss the circumstances where the separate legal entity of the company can be ignored and liability can be imposed on the persons regulating the affairs of the company.
2. What do you mean by memorandum of Association? Discuss the major contents of memorandum of Association.
3. Explain ratio decident enunciated by the Supreme Court of Nepal in the case of Khem Chandra Chaurasia Vs. HMG Dept. of industry NKP-065/507 by outling the facts and issues.
4. What is prospectus? Discuss the processes of issuing prospectus. Who are liable misstatements in a prospectus?
5. Write short notes on any THREE of the followings:
a. Allotment of Shares.
b. Commencement of business
c. Social responsibility of companies
d. Certificate of incorporation
e. Chartered company.
